Wall Street firms are waking up to the prospect of holding Bitcoin as a hedge against uncertainties in the mainstream equities market. Bitcoin (BTC) adoption by big-money players is once again on the agenda following the recent $250 million BTC purchase by MicroStrategy. Industry commentators have also stated that corporations plugging into Bitcoin will provide […]
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$89 billion dollar investment giant BlackRock now indirectly holds Bitcoin after MicroStrategy purchased 21,454 Bitcoin this week. Earlier this week Bitcoin (BTC) bulls and crypto investors were thrilled by the news that MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion, had formally adopted Bitcoin as its primary reserve asset by purchasing 21,454 BTC ($250 […]
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The arrival of digitized securities is one of the core aspects of the federal government’s blockchain strategy, German authorities say. Federal regulators in Germany are looking to modernize the country’s securities with blockchain technology. On Aug. 11, Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) introduced a […]
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Grayscale and MicroStrategy lead a surge in institutional demand for new coins, with selling not part of the landscape, data shows. Institutions are buying huge amounts of Bitcoin (BTC) and hodling, not selling it, data shows as the network mimics early 2016. Data from various sources uploaded to social media this week show that over […]
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Unaudited contracts resulted in its death after all. A bug in the hastily-developed contracts for Yam Finance resulted in the governance contracts being “permanently broken” and $750,000 worth of Curve tokens being locked from use. Andre Cronje, DeFi developer and founder of the yEarn protocol, told Cointelegraph that this resulted from a bugged rebase function. […]
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A Yam Finance code flaw saw the project ask investors to pledge to save the platform. Not enough have. The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project. With less than five hours to go, Yam is […]
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The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe. Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned. In a series of tweets on Aug. 12, Mike Belshe […]
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The CEO of the company that just bought 21,454 BTC calls it “digital gold,” and the tide will cause the business world to admit the same, say supporters. MicroStrategy has adopted Bitcoin (BTC) as its reserve currency — and stunned commentators by purchasing over 21,000 BTC on Aug. 11. The world’s largest publicly-traded business intelligence […]
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Yam Finance claims to bring fairness to farming with new elastic supply token. The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch. The experimental Yam Protocol is the talk of Crypto […]
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MicroStrategy confirms it has made Bitcoin its primary treasury reserve asset as institutional uptake takes a dramatic bullish step forward. The world’s largest publicly traded business intelligence company MicroStrategy (Nasdaq: MSTR) has formally adopted Bitcoin (BTC) as its primary reserve asset. In a press release issued on Aug. 11, MicroStrategy confirmed it had purchased 21,454 […]
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